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Opinion: Armenian Notary Activity Liable To Too High Taxes

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  • Opinion: Armenian Notary Activity Liable To Too High Taxes

    OPINION: ARMENIAN NOTARY ACTIVITY LIABLE TO TOO HIGH TAXES

    YEREVAN, June 10. /ARKA/. Armenian notary activity is liable to
    too high taxes, Mamikon Aslanyan, the head of the Notary Chamber of
    Armenia, said in an interview with ARKA News Agency.

    He said that in other countries notary offices pay quite low taxes.

    "And here they are very high and are out of proportion to prices for
    the provided services," he said.

    In particular, he said, in Russia tax size is equal to 13% less
    expenses and in Kazakhstan 10% less expenses, while in Armenia notary
    offices ought to transfer 20% of their turnovers to the government
    budget, and this makes some offices unable to survive and other
    offices have to operate with losses.

    Despite that, no changes in prices are expected so far.

    "Prices are within the scope of the government, not the notary
    chamber," Aslanyan said in his interview.

    More than 90 notary officers work in Armenia now. -0-

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